Who is the Best Fit for IRA Retirement Plan?

Q. IRA is the best retirement plan for what type of person?

A. IRA is the best retirement plan for the following types of people:

• There is no employer-sponsored 401K plan
• Already maximized 401K saving, but still with money to invest
• Have no job and no income, but your spouse can help you fund the IRA account
• Self-employed person (in addition to IRA, you can also consider Solo 401K, Simplified IRA or SEP IRA)
• You left previous employer and want to rollover the 401K to an IRA (or consolidate all the previous job-related 401K to an IRA)

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